Selcom Microfinance Bank Tanzania (SMFB) is seeking a confident and self-motivated professional to join its Risk and Compliance Department as a Risk and Compliance Officer. The role offers opportunities for career development, training, mentorship, and professional growth within the Bank.
Position: Risk and Compliance Officer
- Company: Selcom Microfinance Bank Tanzania
- Department: Risk and Compliance
- Job Type: Full-time
- Application Deadline: 29 September 2026
Job Summary
The Risk and Compliance Officer will support the identification, assessment, monitoring, and management of risks across the Bank. The position will focus on risk assessments, AML/KYC compliance, internal controls, regulatory requirements, audit follow-ups, counterparty risk, and risk reporting, while helping strengthen a risk-aware culture across the organization.
Key Duties and Responsibilities
- Participate in identifying, assessing, and analyzing different types of risks across the Bank.
- Participate in quarterly and annual risk assessment discussions with various departments.
- Assist Senior Risk and Compliance Officers in managing risks, with emphasis on Key Risk Indicators (KRIs), business-unit risk profiles, and risk reporting.
- Implement the Risk and Compliance unit plan in line with business objectives.
- Provide assurance on the effectiveness of internal controls.
- Assist in evaluating risks and identifying areas of highest exposure to support implementation of mitigating controls.
- Conduct AML risk assessments in accordance with the Bank’s AML/KYC policy.
- Monitor key risk areas, including:
- AML
- KYC
- Account opening
- Dormant account reactivation
- Agent banking
- Mobile banking
- Communicate monitoring review outcomes to the Senior Risk and Compliance Officer.
- Conduct staff training on AML/KYC regulatory requirements to promote a risk-aware culture.
- Independently conduct assigned reviews with minimum supervision in accordance with Risk and Compliance procedures.
- Conduct counterparty risk assessments before onboarding new counterparties and monitor their performance thereafter.
- Follow up on the closure of issues raised through external audit/examination reports and internal audit reports.
Requirements and Qualifications
- Minimum 2 years of experience working in a bank, particularly in Risk and Compliance, Audit, or another related function.
- Bachelor’s degree, preferably in:
- Accounting
- Business Administration
- Finance
- Risk Management
- or a related field.
- Professional qualifications in Risk Management, Compliance, CAMS, CFE, or related areas are an added advantage.
- Strong understanding of audit and risk management methodologies.
- Understanding of regulatory requirements relating to information security, privacy, and data security.
- High level of honesty, integrity, independence, and professional ethics.
- Ability to prioritize tasks according to their importance to the Bank’s operations and strategic objectives.
- Willingness and ability to learn and continuously improve.
Skills, Knowledge and Abilities
- Ability to manage multiple complex priorities and competing demands.
- Ability to interpret and apply policies and regulatory requirements across a complex business environment.
- Strong analytical and investigative skills.
- Methodical approach to critical questioning and problem-solving.
- Logical and data-driven decision-making.
- Strong interpersonal and communication skills.
- Ability to interact effectively with leaders at different organizational levels.
- Ability to facilitate collaboration and team interactions.
How to Apply
Interested candidates should submit:
- Updated CV
- Updated academic certificates
- Relevant professional certifications, where applicable
- Motivation letter summarizing your achievements in your current position.
Applications should be sent to:
Email: career@selcom.bank
Application Deadline: 29 September 2026